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Morgan Stanley’s Grimes Masters ‘CityVille’ Amid IPO Duel

When investment bankers fled Silicon Valley after the dot-com bust in 2000, Morgan Stanley’s Michael Grimes and his team stayed put on Menlo Park’s Sand Hill Road.

They’re now listed as the first underwriter on all the hottest Web deals, including the initial public offerings of LinkedIn Corp., Pandora Media Inc., Groupon Inc. and Zynga Inc. Morgan Stanley is even in the running for the lead role in Facebook Inc.’s IPO, which looked like it was a shoo-in for its top rival Goldman Sachs Group Inc. only a few months ago.